Odyssey Marine Exploration (FRA:OYM1) LT-Debt-to-Total-Asset : 2.98 (As of Mar. 2024)

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What is Odyssey Marine Exploration LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Odyssey Marine Exploration's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 2.98.

Odyssey Marine Exploration's long-term debt to total assets ratio increased from Dec. 2022 (0.06) to Mar. 2024 (2.98). It may suggest that Odyssey Marine Exploration is progressively becoming more dependent on debt to grow their business.

Odyssey Marine Exploration LT-Debt-to-Total-Asset Historical Data

The historical data trend for Odyssey Marine Exploration's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Odyssey Marine Exploration LT-Debt-to-Total-Asset Chart

Odyssey Marine Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.67

1.02

2.11

0.06

0.35

Odyssey Marine Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	2.61	2.77	0.35	2.98

Odyssey Marine Exploration LT-Debt-to-Total-Asset Calculation

Odyssey Marine Exploration's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	7.247	/	20.864
	=	0.35

Odyssey Marine Exploration's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	56.528	/	18.983
	=	2.98

Odyssey Marine Exploration (FRA:OYM1) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Odyssey Marine Exploration LT-Debt-to-Total-Asset Related Terms

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Odyssey Marine Exploration (FRA:OYM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Odyssey Marine Exploration Inc (FRA:OYM1) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

OMEX:USA

Address

205 South Hoover Boulevard, Suite 210, Tampa, FL, USA, 33609

Website

https://www.odysseymarine.com

Odyssey Marine Exploration Inc is a deep-ocean exploration company. It is engaged in the discovery, validation, and development of subsea mineral deposits in a socially and environmentally responsible manner. The company works with governments worldwide to identify mineral resources in Exclusive Economic Zones, focusing on phosphorite (fertilizer) and polymetallic nodule (battery metals) projects.

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